09 Week Sem 2 Economics U3 E26-28 Quiz
Authored by Christopher Green
Other
12th Grade
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Market power is a firm's ability to . . . . . the price of a product
Competition
Influence
Demand
Barriers to Entry
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A monopoly sets prices based on . . .
Competition
Influence
Demand
Barriers to Entry
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What’s one way Monopolies stay powerful?
Competition
Influence
Demand
Barriers to Entry
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Firms invest in . . . . . to improve products and efficiency.
R & D
Branding
Non-Price Competition
Higher Wages
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one way worker training matters
R & D
Branding
Non-Price Competition
Higher Wages
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Firms with market power set prices and . . . . . output.
Skill
Experience
Restrict
Job Demand
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What Determines Worker Earnings?
Collusion
Experience
Price Competition
Pharmaceuticals
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